Characterization of the industry 4.0 and its epplicability in Medellín

Abstract

The term “industry 4.0” was created by the German government in the second decade of the 21st century, and forms together with the so called project of the future “Industry 4.0” below the new high tech strategy for Germany, apart from other technological projects. It was selected thanks to the fact that the economy is on the threshold of the fourth industrial revolution, in which the real – physical- world and virtual world unite in a system, a so called Cyber Physical-System(CPS). This is only possible through the Internet of Things (IoT), which is a “new concept completing the evolution of communication and informatics, applying them to the objects, which allows a better interaction between them. It refers to a net of daily things interconnected through the internet” (Molano, 2014).